The real estate tax rate in Atlanta, USA:

Houses here in Atlanta are becoming more and more popular, and the development potential of investment projects is also very large, but if you want to invest in better projects, you also need to It is also very important to understand the real estate tax situation here and budget for investment costs. Generally speaking, the income tax in Atlanta is around 4.38% and the real estate tax is 0.57%. We all know that the real estate tax here is not very high. In the United States, it is lowest. But no matter who buys a house in Atlanta, they need to pay property taxes.

It is necessary to pay real estate tax when buying a house in Atlanta. The purpose of buying a house is achieved by paying the Atlanta real estate tax. The Atlanta real estate tax is used to fund various public service facilities, such as police and fire services. Safety, sanitation, education, etc. We all know that Atlanta real estate taxes are not collected by certain people, but used for various facilities here. If you don’t know much about Atlanta real estate taxes, you should read more about their articles. Residents must be prepared for the cost of purchasing a home and real estate taxes when choosing Atlanta real estate. What is the real estate tax in Atlanta:

It is based on the value of your house and has two parts: one is the land, and the other is improvement, which is the building built on the ground. The proportion paid to the local tax bureau each year is roughly 1.0-1.5% of the house price. Every year, the local tax bureau prices will change slightly with the changes in the meaning of the real estate industry in the market. There are ways to sue when real estate prices drop. House owners can find the local county government assessor (countyassessor) to fill out a report. At this time, you must tell him or her that the local tax bureau has overestimated.

Of course, you need to prepare some information in advance to show the recent market prices of your neighbors' housing prices, and give examples of three to five housing prices of neighbors with similar areas to yours to start persuading. If you can persuade the county assessor, they will adjust your local tax office. If it can be lowered, you can pay less tax. However, this is different in the United States than in China. If the real estate industry continues to decline, even if the owner does not sue, the county committee and county government will automatically reduce your tax.

It is especially important to note that the value of our houses is divided into two categories. The upper part is called land, and the lower part is improvements. If you have a rental house or a small apartment with home decoration, if you can submit this tax payment form to your accountant, these two categories will be very effective for deduction. Since the land cannot be depreciated, the construction improvements of your house can be depreciated. For example, if your house is a residential one, it has a useful life of 27.5 years, while a commercial one has a useful life of 39.5 years. Then I can use your cmprovement divided by this period to get the portion of the depreciation expense you can afford.

This depreciation fee can reduce your income. When you rent a house for 20,000 yuan, the loan interest is 10,000 yuan, the local tax bureau is 5,000 yuan, and you still have to earn 5,000 yuan by yourself, you have to Pay taxes. If you want a slight depreciation rate, you can pay tax, or pay less tax. If your depreciation rate is high, you can offset the gains. What are the real estate tax exemption projects?

The tax exemption projects stipulated by local governments in the United States are mainly used to provide exemptions and exemptions for one's own house. This is accomplished by reducing the tax base or underestimating the value of the property. ;When real estate taxes exceed a certain maximum value, operators can obtain corresponding state personal income tax credits or cash compensation from government departments. Real estate tax reduction and exemption for self-occupied commercial housing

For self-occupied commercial housing, each district government will provide a series of preferential policies every year. Relevant preferential policies will be published on the official website, and reports will generally be mailed. To every community owner. There are certain regulations for self-occupied commercial housing here, which stipulate that the owner must have lived in the house for two years in the past five years. Real estate tax exemption policy for low- and middle-income families

This policy is available in most states in the United States, but the specific division lines and regulations vary from place to place. You must check the relevant local website. Generally speaking, this Real estate taxes can be reduced by about 20% for some groups of people. For example: Suppose you own a self-catering house in New York State and your household income is less than $500,000. Then part of the real estate tax they pay that is used for culture and education tax can be deducted, which is equivalent to US$700.

Real estate tax reduction and exemption policy for self-occupied commercial housing for seniors over 65 years old. Generally speaking, every state in the United States has great discounts for self-occupied commercial housing for seniors over 65 years old. For example: Assuming that in New York State, the owner of the property is over 65 years old and the annual household income is less than $81,900, he or she can pay $1,500 less in real estate taxes each year. The state with the largest discount for senior citizens is Virginia. If the total assets do not exceed US$340,000 and the annual salary is less than US$56,000, and the homeowner is over 65 years old, all real estate taxes can be reduced. On this basis, as the income increases, the reduction and exemption will be reduced accordingly. Special Family Real Estate Tax Reduction Policy

In many areas of the United States, real estate tax exemption policies are provided to people with disabilities, service or retired military personnel, and other categories who need to take care of their families.

Real Estate Tax Reduction for Rental Houses

Many homeowners rent out their houses as a way to manage their finances. For such homeowners, the governments of various states in the United States The department also provides real estate tax reduction and exemption policies to achieve the purpose of encouragement.

Rent Deduction Policy

Owning a house in the United States requires a lot of investment. At any one time, there are mortgage interest, local tax bureau, maintenance fees, insurance fees, etc., and the rent is deducted. After reducing various expenses, the landlord is likely to be strapped for funds. Especially after deducting depreciation, the landlord will have a loss in the account. Therefore, this policy was enacted to allow landlords to use rent to deduct other taxes, such as loan interest rates and local tax bureaus.

Tax deduction policy for rental expenses

The other is for the landlord to actively participate in rental management, such as collecting rent, maintaining the house, paying water and electricity, and other series of activities. This kind of landlord can deduct up to more than 25,000 yuan from other income every year. However, when the adjusted annual income exceeds more than 100,000 yuan, the allowable deduction amount will gradually decrease. After more than 150,000 yuan, other income cannot be deducted.